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    Reference: 20180513
    Release date: 12 December 2018

    Promoter – Financial Intermediary

    LIGHTSMITH GROUP LLC

    Location

    Description

    The project consists of an investment fund financing climate change adaptation and climate-resilience solutions promoted by private companies in or for the benefit of develloping countries. The investment is made under the Luxembourg-EIB Climate Finance Platform trust fund.

    Objectives

    The fund aims to provide growth equity to private companies - especially in the African, Caribbean and Pacific group of States (ACP) - developing climate change adaptation and climate-resilience solutions, particularly for the benefit of developing countries and their vulnerable populations and livelihoods. The Fund, domiciled in Luxembourg, has a target size of USD 250m and is managed by Lightsmith Resilience Partners.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 5 million

    Total cost (Approximate amount)

    EUR 220 million

    Environmental aspects

    The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.

    Procurement

    Not Applicable.

    Status

    Approved - 26/03/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Regional - Africa Regional - Asia Regional - Latin America Services